Bill Text: HI SB76 | 2010 | Regular Session | Amended

---

Bill Title: Taxation; Distribution of Partial Payment

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Engrossed - Dead) 2010-03-30 - (H) The committee(s) recommends that the measure be deferred. [SB76 Detail]

Download: Hawaii-2010-SB76-Amended.html

---

 

 

STAND. COM. REP. NO. 594

 

Honolulu, Hawaii

                  

 

RE:    S.B. No. 76

       S.D. 1

 

 

 

Honorable Colleen Hanabusa

President of the Senate

Twenty-Fifth State Legislature

Regular Session of 2009

State of Hawaii

 

Madam:

 

     Your Committee on Ways and Means, to which was referred S.B. No. 76 entitled:

 

"A BILL FOR AN ACT RELATING TO TAXATION,"

 

begs leave to report as follows:

 

     The purpose of this measure is to change the allocation of an amount received by the Department of Taxation in partial payment of an assessment of taxes. 

 

     More specifically, this measure changes the allocation by applying the partial payment to interest, penalties, and principal in equal amounts, rather than to the three categories in order of priority.

 

     Your Committee received written testimony in opposition to this measure from one state agency.  One private organization submitted comments on this measure.

 

     Your Committee finds that the application of a partial payment to interest, penalties, and principal, in equal amounts, will alleviate the burden on taxpayers who are making these payments.  Your Committee believes that the benefit to taxpayers is of particular importance during this economic crisis.

 

     Your Committee amended this measure by:

 

(1)  Changing the effective date to July 1, 2070, to encourage further discussion; and

 

(2)  Making technical nonsubstantive amendments for purposes of clarity and style.

 

     As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 76, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 76, S.D. 1, and be placed on the calendar for Third Reading.

 

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

 

		____________________________ DONNA MERCADO KIM, Chair